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Technology Stocks : JDS Uniphase (JDSU)

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To: Lizzie Tudor who wrote (22546)4/27/2002 8:00:21 AM
From: hexamon  Read Replies (1) of 24042
 
Remember that there is no reason why the officers should actually hold ANY shares as such.

They have all earn't/bought/been given (depending how cynical you are) share options. The exercise price on these options can seem ludicrously low because of stock splits which obviously also split the option price.

When they wan't to 'sell' their options, they usually do a 'same day sale' exercise whereby the stock is simultaneously bought at the exercise price and sold at market.

Far too many people shout that the CEO only has 494 shares. That's total rubbish as he probably has tens if not hundreds of thousands of share options.

If you want a contrary view of JDSU and stock options, if the board thought that JDSU was really going down the pan, wouldn't they sell ALL their options (subject to exercise period) and run?

I can't even guess what will happen to JDSU short or long term, but I sold my shares last December after buying in September and am now flat awaiting a safe re-entry point.

Hex
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